Singapore-based ASEAN+3 Macroeconomic Research Office (Amro) on May 6 projected the Cambodian economy to grow by 4.0 per cent in 2021, led by a robust recovery in manufacturing and supported by continued fiscal stimulus by the government.
Cambodia eases lockdown amid swift vaccination program
Vietnam sends medical experts to Laos to provide support in tackling the disease
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People receive a dose of China s Sinopharm vaccine at a school in Phnom Penh on May 3. (Photo: AFP)
Authorities in Cambodia have eased severe lockdown restrictions amid promises its vaccine rollout program will be accelerated as the latest community outbreak of Covid-19 shows no signs of abating.
Ministry of Justice spokesman Kim Santepheap said three weeks of harsh lockdown measures in Phnom Penh and neighboring Tak Mao had effectively cut off the severe spread of the disease from the capital to the provinces.
Economy growing strongly on back of COVID-19 endgame 08:00 | 08/04/2021
Efforts to boost business and production fuelled by the gradual use of COVID-19 vaccines have helped recover the countryâs economic growth, driven largely by the manufacturing and processing activities.
State-owned Vietnam Oil and Gas Group (PetroVietnam) last week reported that its total revenue in the first three months of the year is estimated to be over VND113 trillion ($4.91 billion), down 6 per cent on-year. However, the groupâs revenue from industrial activities increased 2 per cent, and that from the service activities decreased 21 per cent on-year.
A number of the groupâs products which were consumed in the first quarter witnessed an on-year rise, including fertiliser (7 per cent), liquefied petroleum gas (29 per cent), condensate (12 per cent), and assorted petrols (5 per cent).
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08/03/2021 17:42 GMT+7
In defiance of the health crisis hurting the domestic economy, Vietnam has earned international optimitism for its growth outlook on the back of the country’s good control of COVID-19 leading to impressively positive growth last year.
Vietnam has been one of the best-performing global economies for the past 10 years. Photo: Le Toan/VIR
In December and January, when the country began to be hit by a resurgence of COVID-19, a team of specialists from the ASEAN+3 Macroeconomic Research Office (AMRO), a regional macroeconomic surveillance organisation based in Singapore, held a virtual annual consultation with Vietnamese authorities.
In defiance of the health crisis hurting the domestic economy, Vietnam has earned international optimitism for its growth outlook on the back of the country’s good control of COVID-19 leading to impressively positive growth last year and a friendly business climate